Comment / Supply chain radar: Freight forwarding shakeout – US loses, Europe mixed, Asia takes it all

Here are some key highlights of comprehensive research – headed: “Global freight forwarder tracker” – published by UBS on Monday, 23 March, spanning air and ocean freight performance for the major freight forwarders worldwide (emphasis in bold added):

– “Chinese port activity is reported to be aligned with 2019 levels (Clarksons’) with economic activity recovering in China. As past weeks orders are fulfilled volumes are likely to decline as Europe/US demand comes down. China PMI declines or China retail sales decline -20% ...